The top four sectors include Trade, Transportation & Utilities, Education & Health Services, Professional & Business Services, and Financial Activities. These four employment sectors make up the core of office employment which is good news for the office commercial real estate market. Manufacturing and Government recorded another 12-month loss of about 1,300 jobs.
Phoenix’s unemployment rate rose from 6.1 percent to 6.4 percent, but remains lower than the Arizona rate (7.3 percent) and the national rate (6.7 percent).
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